Costain has begun an enhanced transfer value exercise as part of a raft of measures designed to cut its pension scheme liabilities by £50m.
The engineering firm is also offering pension increase exchanges and has contributed its holdings in two private finance initiative investments worth more than £20m to the scheme as contingent assets....
Railways Pension Trustee Company chief executive Phil Willcock has quit the scheme after only 10 months to take up a position as head of AIG UK Life.
The Financial Conduct Authority (FCA) has launched a consultation on how to enable defined contribution (DC) savers to invest in patient capital via unit-linked funds.
The Pension Protection Fund has published its final levy rules for 2019/20 following a consultation launched in September.
The Competition and Markets Authority's (CMA) final report on the investment consultant market has been celebrated as having "real teeth" to produce better outcomes for members.